PG&E Pays More Than $205 Million in Property Taxes to 50 California
Counties

December 12, 2016 01:00 PM Eastern Standard Time

SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) paid property taxes of more than
$205 million this fall to the 50 counties where the utility owns
property and operates gas and electric infrastructure that serves 16
million Californians.

The semi-annual property tax payments recently made cover the period
from July 1 to December 31, 2016.

Total payments for the full tax year of July 1, 2016 to June 30, 2017 is
estimated to total more than $410 million—an increase of $25 million, or
6.5 percent, compared with the prior fiscal year.

“Property tax payments are one of the many important ways PG&E helps
drive local economies and support essential public services like
education and public safety. This year’s higher payments reflect the
substantial local investments we are making in our gas and electric
infrastructure to create one of the safest and most reliable utility
systems in the country,” said Jason Wells, senior vice president and
chief financial officer for PG&E.

PG&E invested more than $5.5 billion last year and expects to invest
$5.6 billion this year to enhance and upgrade its gas and electrical
infrastructure across Northern and Central California.

Other recent investments include the $36 million state-of-the-art
electric control center in Rocklin that opened early this year. PG&E
completed a $40 million control center in Concord last year and in 2014
opened a $28.5 million control center in Fresno. Together, these three
centers provide coverage to all of PG&E’s electric distribution system.
PG&E is also constructing a $75 million gas operations technical
training center in Winters in Yolo County.

PG&E supports the communities it serves in a variety of ways. Last year
PG&E provided more than $25
million in community grants and investments to enrich local
educational opportunities, preserve the environment, and support
economic vitality and emergency preparedness. PG&E employees provide
thousands of hours of volunteer service in their local communities. The
company also offers a broad spectrum of economic
development services to help local businesses grow.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E
Corporation (NYSE:PCG), is one of the largest combined natural gas
and electric energy companies in the United States. Based in San
Francisco, with more than 20,000 employees, the company delivers some of
the nation’s cleanest energy to nearly 16 million people in Northern and
Central California. For more information, visit www.pge.com/
and pge.com/news.